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In the figure above, the --------------------gap is one trillion dollars. To close the gap, the government can change expenditure by--------------------one trillion dollars.
A) recessionary; exactly
B) inflationary; more than
C) recessionary; more than
D) recessionary; less than
E) inflationary; exactly
Correct Answer:
Verified
Q1: If tax revenues are $230 billion and
Q2: The greater the tax wedge, the--------------------the amount
Q3: A reason why discretionary fiscal policy might
Q4: Increasing the income tax rate--------------------the--------------------
A)decreases; supply of
Q6: The national debt is the amount
A)by which
Q7: The standard view in economics is that
Q8: The national debt can only be reduced
Q9: Discretionary fiscal policy is handicapped by
A)law-making time
Q10: If the government uses fiscal policy to
Q11: 
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